Mork Capital Management LLC Buys New Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Mork Capital Management LLC purchased a new position in Harley-Davidson, Inc. (NYSE:HOG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $1,926,000. Harley-Davidson makes up 1.4% of Mork Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

Several other institutional investors have also bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in Harley-Davidson during the 3rd quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Harley-Davidson in the third quarter valued at approximately $38,000. Signaturefd LLC raised its position in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after purchasing an additional 597 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Down 0.6 %

Shares of NYSE:HOG opened at $33.82 on Wednesday. The company has a 50-day simple moving average of $34.21 and a 200 day simple moving average of $35.02. The company has a market capitalization of $4.31 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.46 and a beta of 1.47. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a 52-week low of $30.48 and a 52-week high of $44.16.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.04%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Analysts Set New Price Targets

Several brokerages have weighed in on HOG. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. UBS Group decreased their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Citigroup decreased their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.57.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.